Credit card debt in the UK is huge.  According to The Money Charity each UK household has on average £2,600 of credit card debt.  If credit card debt is overwhelming you don’t despair there are things you can do to regain control. 

First look at the rate you are paying on your credit card and start with the most expensive one with the highest interest rate.  Many lenders are currently offering 0% balance transfer allowing you to freeze the interest for a period of time to enable you to make a plan to pay off the balance.

If you are a regular credit card user, ideally you should be clearing the balance each month and not allow it to creep up.  Remember is you are only making the minimum monthly repayment you are not repaying the amount originally borrowed just funding the interest.

Whilst your credit union cannot offer you 0% interest on a loan we can however usually better most of the high street offers so if you find you are paying more than 12% on your credit card debt come and speak to us.  We may be able to offer you a cheaper alternative.